Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) Shares Sold by Yunqi Capital Ltd

Yunqi Capital Ltd decreased its holdings in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM - Free Report) by 24.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,084,500 shares of the company's stock after selling 354,000 shares during the period. Full Truck Alliance comprises about 13.6% of Yunqi Capital Ltd's portfolio, making the stock its 4th largest holding. Yunqi Capital Ltd owned approximately 0.10% of Full Truck Alliance worth $13,849,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in YMM. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Full Truck Alliance by 6.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,146 shares of the company's stock worth $311,000 after acquiring an additional 1,406 shares during the last quarter. QRG Capital Management Inc. bought a new position in shares of Full Truck Alliance during the first quarter worth about $315,000. Brilliance Asset Management Ltd. grew its position in shares of Full Truck Alliance by 29.5% during the fourth quarter. Brilliance Asset Management Ltd. now owns 4,193,580 shares of the company's stock worth $45,375,000 after acquiring an additional 954,124 shares during the last quarter. AI Squared Management Ltd bought a new position in shares of Full Truck Alliance during the fourth quarter worth about $3,159,000. Finally, Vanguard Group Inc. grew its position in shares of Full Truck Alliance by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 28,943,043 shares of the company's stock worth $313,164,000 after acquiring an additional 295,301 shares during the last quarter. Institutional investors own 39.02% of the company's stock.

Full Truck Alliance Trading Up 1.0%

YMM stock traded up $0.12 during trading on Friday, hitting $12.64. The company had a trading volume of 4,602,617 shares, compared to its average volume of 8,650,091. The firm has a market capitalization of $13.22 billion, a price-to-earnings ratio of 25.28 and a beta of 0.20. The business has a 50 day moving average of $12.04 and a 200 day moving average of $11.79. Full Truck Alliance Co. Ltd. Sponsored ADR has a fifty-two week low of $6.66 and a fifty-two week high of $13.85.

Analysts Set New Price Targets

Several research firms have recently commented on YMM. JPMorgan Chase & Co. lowered shares of Full Truck Alliance from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $18.00 to $10.00 in a research report on Monday, April 14th. Citigroup lowered their price target on shares of Full Truck Alliance from $16.50 to $16.00 and set a "buy" rating for the company in a research report on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Full Truck Alliance has a consensus rating of "Moderate Buy" and a consensus price target of $15.00.

Full Truck Alliance Company Profile

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight matching services, such as freight listing and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, and energy services.